Rogers Communications Launches Satellite-To-Mobile Service in Canada

Rogers Communications has launched a satellite-to-mobile service in Canada and started a trial of a satellite text service. The company has also launched cash tender offers for debt securities and acquired a 75% stake in Maple Leaf Sports & Entertainment. Rogers has raised its stake in the company and completed a $4.7 billion sale of its minority stake in Maple Leaf Sports and Entertainment.

Rogers Communications Inc. has made significant strides in expanding its wireless services in Canada. The company launched Rogers Satellite, a new satellite-to-mobile text messaging service, marking a significant advancement in wireless connectivity. This service, which is available to all Canadians through a free beta trial, promises to enhance communication in remote and rural areas.

Rogers Satellite uses low-earth orbit (LEO) satellites and Rogers' national wireless spectrum to automatically connect cellphones in areas without cell service. This technology supports text messaging and text-to-911 services, with plans to expand to include apps, data, and voice services, including 911 voice services. The beta trial, which runs until October, offers a $5/month discount for the first 12 months to participants. After the trial, Rogers Satellite will be included at no additional cost for customers on the Rogers Ultimate Plan and will be available for $15/month for all Canadians [1].

This innovation is part of Rogers' legacy of introducing wireless firsts to Canadians over the past 40 years, including 1G voice calls, 2G texting, 3G email and internet, and 4G smartphones. Today, Rogers is ranked as Canada's most reliable 5G+ network [1].

In addition to the satellite-to-mobile service, Rogers Communications has also announced cash tender offers for its outstanding senior notes of each series. The company is offering to purchase up to C$400 million in aggregate purchase price for its debt securities [4].

Rogers has also recently raised its stake in Maple Leaf Sports & Entertainment, completing a $4.7 billion sale of its minority stake in the company. This move reflects Rogers' strategic focus on diversifying its revenue streams and strengthening its position in the entertainment sector [3].

These developments underscore Rogers' commitment to innovation and expansion, positioning the company to capitalize on emerging technologies and market opportunities. As Rogers continues to invest in its networks and services, investors and financial professionals should closely monitor these advancements and their potential impact on the company's financial performance.

References:
[1] https://about.rogers.com/news-ideas/rogers-launches-satellite-to-mobile-service-in-canada/
[2] https://www.marketscreener.com/quote/stock/ROGERS-COMMUNICATIONS-INC-1411426/news/Rogers-Communications-Inc-Launches-Satellite-To-Mobile-Service-in-Canada-50513386/
[3] https://ca.finance.yahoo.com/news/rogers-launches-satellite-mobile-text-152138946.html
[4] https://about.rogers.com/news-ideas/rogers-announces-cash-tender-offers-for-six-series-of-debt-securities/